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Poor and Stupid

How big government, big business, big media and big academia block your road to financial freedom- and tell you it's for your own good.

It's Just Not Fair

Posted on 03/13/2007 08:59 AM | Link | Post Comment
Our friend Dan Clifton lets us know that the IRS's latest Statistics of Income bulletin is out, covering 2004 returns, and that it reveals how terribly inequitable the federal tax structure really is. The "tax burden" is profoundly "maldistributed"! It's not fair! For example:
Adjusted gross income (AGI) increased by 8.9 percent from the previous year to $7.4 trillion for 2005 and taxable income increased 9.5 percent to $5.1 trillion.
It's not fair! We've been in a recession ever since George Bush took office! How dare income increase 9.5% in a single year! Or:
...the top 1 percent of taxpayers...accounted for 36.9 percent of the total income tax reported, an increase from 34.3 percent in 2003.
It's not fair! The Bush tax cuts in 2003 were supposed to be a giveaway for the rich! And now they're paying a larger share of taxes than they were before! It's not fair! I'm calling my union rep!!
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